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the side that said things that were dead wrong about the jeep factory heading to china and the nonsense heading to work requirement for welfare and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe, the reason the people telling the most truth won. and the people telling the most untruth lost. it's for that very reason. we were, all of us, paying attention because it really mattered. that's "hardball" for now. "politics nation" with al sharpton starts right now. >> thanks, chris. and thanks for tuning in. tonight's lead, republicans are picking a fight they can't win. new evidence today that president obama is in a strong position in this nation's fight for fairness. and republicans are on the losing end of this fight. now, new polls show 65% of americans believe the president does have a mandate to raise taxes on the wealthy. 62% say he's got a mandate to protect medicare. and 64% says he's got a mandate to protect social security. that is a winning hand. the president has it and he knows it. >> i'm pre
the side that said things that were dead wrong about the jeep factory heading to china and the nonsense heading to work requirement for welfare and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe, the reason the people telling the most truth won. and the people telling the most untruth lost. it's for that very reason. we were, all of us, paying attention because it really mattered. that's "hardball"...
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Dec 12, 2012
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here to explain what china wants is the author of the coming collapse of china. i'm glad your year because this sounds really scary. you worried about this? aig, 4 billion. that is the biggest chinese takeover thus far. u worry that this is going to be a trend? >> it's certainly going to be. what's happening in china is that enterprises don't have the opportunities there because their problems and the chinese economy right now it's a pretty serious. these enterprises are going around the world buying assets because the returns are a lot better. so a lot of this activity does not concern me, but some of it does because you see in certain acquisitions like a one to three systems, the battery maker, the canadian oil sands producer. they're looking for technology. and some of this technology has defense applications, like this battery maker they're buying this stuff up. that is something we have to be concerned about and should stop. tracy: do you worry -- we ha an election. there are new people leading. you worry that the new leaders will make this even worse? >> th
here to explain what china wants is the author of the coming collapse of china. i'm glad your year because this sounds really scary. you worried about this? aig, 4 billion. that is the biggest chinese takeover thus far. u worry that this is going to be a trend? >> it's certainly going to be. what's happening in china is that enterprises don't have the opportunities there because their problems and the chinese economy right now it's a pretty serious. these enterprises are going around the...
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Dec 16, 2012
12/12
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once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan isalking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here is the tragic choice. in the right to work states, wages are 10% lower. unploynt is also
once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn...
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Dec 16, 2012
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. >> an amazing company, they had a tough year, but china is rebounding and make a lot of money. >> caterpillar on global recovery. what do you think of that. >> i like cater pillar for quite a long tim whether or not the economy recovers, it's a good. >> neil: what are you buying? >> vanguard re-index. the criticism i wanted to pick something, it has a generous yield. >> neil: i love that company. i love vanguard. i love reit and it's a great gift. biggest index of them b.t.
. >> an amazing company, they had a tough year, but china is rebounding and make a lot of money. >> caterpillar on global recovery. what do you think of that. >> i like cater pillar for quite a long tim whether or not the economy recovers, it's a good. >> neil: what are you buying? >> vanguard re-index. the criticism i wanted to pick something, it has a generous yield. >> neil: i love that company. i love vanguard. i love reit and it's a great gift. biggest...
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security council resolution to impose even yet additional sanctions on north korea that all depends on how china reacts to that. and number two, while they continue to test and provoke the united states, we still feel compelled to bail them out on humanitarian assistance because of the starvation of their people. we're caught between foreign policy and the real fear they're going to have a nuclear missile test soon. >> dana, the chair of the house committee on foreign affairs calls this missile launch the result of quote, the obama administration's policies of appeaseme appeasement. i'm sorry to have to ask you this question for about the 9 millionth time. why can't the gop move past its baseless 2012 attack lines and try to think of something constructive to do with this kind of issue? >> right. it feels like -- and it's not just north korea. we heard the same on iran. the cowboy diplomacy saying be tougher. in this case what exactly does that mean? does that mean launch a strike on this nuclear power potentially causing the loss of tens of millions of people. what exactly is the alternative he
security council resolution to impose even yet additional sanctions on north korea that all depends on how china reacts to that. and number two, while they continue to test and provoke the united states, we still feel compelled to bail them out on humanitarian assistance because of the starvation of their people. we're caught between foreign policy and the real fear they're going to have a nuclear missile test soon. >> dana, the chair of the house committee on foreign affairs calls this...
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Dec 23, 2012
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romney said jeep was shipping american joshs over to jobs over to china and the one from the superpac that seemed to blame bain capital for the death of this workers life. enter, rick santorum. >> euthanasia in the netherlands, but half the people who are euthanized, it's 10%. of all deaths, half of those people are euthanized involuntarily at hospitals so they are older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're afraid because of budget purposes that they will not come out of that hospital. >> don't go trying to track down statistics about involuntary euthanasia in the netherlands. you will find no such facts. now, to harry reid. he made the rounds saying that mitt romney didn't pay taxes for ten years. >> the word is out that he hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to t
romney said jeep was shipping american joshs over to jobs over to china and the one from the superpac that seemed to blame bain capital for the death of this workers life. enter, rick santorum. >> euthanasia in the netherlands, but half the people who are euthanized, it's 10%. of all deaths, half of those people are euthanized involuntarily at hospitals so they are older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're...
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Dec 16, 2012
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. >> an amazing company, they had a tough year, but china is rebounding and make a lot of money. >> caterpillar on global recovery. what do you think of that. >> i like cater pillar for quite a long time. whether or not the economy recovers, it's a good. >> neil: what are you buying? >> vanguard re-index. the criticism i wanted to pick something, it has a generous yield. >> neil: i love that company. i love vanguard. i love reit and it's a great gift. biggest index of them b.t.
. >> an amazing company, they had a tough year, but china is rebounding and make a lot of money. >> caterpillar on global recovery. what do you think of that. >> i like cater pillar for quite a long time. whether or not the economy recovers, it's a good. >> neil: what are you buying? >> vanguard re-index. the criticism i wanted to pick something, it has a generous yield. >> neil: i love that company. i love vanguard. i love reit and it's a great gift. biggest...
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the assumption is china does, but did iran? >> there is all sorts of speculation of who is helping who. north korea has been a big proliferator, but they haven't been successful in producing their own long range rocket. let's make no mistake for officials who said this had nothing to do with launching a weather satellite. they consider this a test of a long range ballistic missile that would ultimately have the capability of carrying a nuclear warhead to the west coast of the united states. u.s. sources tell us that north korea is sitting on dozens and dozens of nuclear weapons. the big question is, have they been able to miniaturize them to fit on a rocket yet. that is still unclear. >> thank you, sir. next, how democrats are trying to pressure republicans by a little politics in the fiscal cliff talks. check this out. >> i think ultimately the federal government shall set forth a uniform pattern of registration in voting so that no citizen will have a problem at this point. >> we are opening up the nbc archives as "meet the p
the assumption is china does, but did iran? >> there is all sorts of speculation of who is helping who. north korea has been a big proliferator, but they haven't been successful in producing their own long range rocket. let's make no mistake for officials who said this had nothing to do with launching a weather satellite. they consider this a test of a long range ballistic missile that would ultimately have the capability of carrying a nuclear warhead to the west coast of the united...
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Dec 14, 2012
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. >> he shipped jobs it china. >> he was at gateway computers. which by the way, i think we can stop at gateway because everybody knows it was just a crap computer. and then he just shipped all the jobs right to taiwan. it should have been like a coming atraction for michigan, looking at what he did at gateway. and people say, well, mike, how did this guy get in there? i mean, this is a state that voted for obama ten points over romney. and i think honestly, i think people didn't take 2010 serious enough. and i think a lot of people were -- i think a lot of the base was depressed because at least the perception of what president obama was doing in that first year or two, he was trying to get along, he was trying to be a good guy. and it's like -- >> no public option. no universal health care. that's what the country wanted. >> right. >> but there was a perception there wasn't a good enough fight -- >> and putting a guy from goldman sachs, larry summers, in charge of our economic policy. >> what's the plan? you have a history in terms of being abl
. >> he shipped jobs it china. >> he was at gateway computers. which by the way, i think we can stop at gateway because everybody knows it was just a crap computer. and then he just shipped all the jobs right to taiwan. it should have been like a coming atraction for michigan, looking at what he did at gateway. and people say, well, mike, how did this guy get in there? i mean, this is a state that voted for obama ten points over romney. and i think honestly, i think people didn't...
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Dec 11, 2012
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-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at what that's meant for the u.s., you have troops, military bases, tangled up in geo political stuff across the globe. what kind of superpower does china want to be? >> well, china does not in my opinion want to be the kind of superpower that we normally think of in a military and strategic sense when we use that term. actually, the report that just came out said that the u.s. would remain dominant as the leading power in 2030. it was not as if -- it is not if the chinese are seeking or will replace the united states. tha
-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at...
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china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos cont
china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension...
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Dec 13, 2012
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cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked readers to pick out the top lies of the year. the top five. here's the first one. >> what we now have is the biggest tax increase in the history of the world. obama-care is just a massive tax increase. that's all it is. >> cenk: that's awesome. the biggest tax increase in the history of the world. now the reeders picked that number one biggest lie now number two was this one. >> if you got a business, you didn't build that, somebody else made that happen. >> my father's hands didn't build this company? my hands didn't build this company? >> through hard work an
cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked...
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. >> china is an ally and expressed regret over the launch. we report that north korea may have up to a few dozen nuclear weapons that could be fitted on top of ballistic missiles. just in the past hour, police in oregon gave us an update on the mall shooting that left three people dead. we are learning the identity of the shooter. plus as the administration deals with the new laws legalizing marijuana in washington and colorado, former president jimmy carter weighs in on legalizing pot. >> i'm in favor of it. i think it's okay. >> that by the way is one of the things we thought you should know. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [
. >> china is an ally and expressed regret over the launch. we report that north korea may have up to a few dozen nuclear weapons that could be fitted on top of ballistic missiles. just in the past hour, police in oregon gave us an update on the mall shooting that left three people dead. we are learning the identity of the shooter. plus as the administration deals with the new laws legalizing marijuana in washington and colorado, former president jimmy carter weighs in on legalizing pot....
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Dec 6, 2012
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but i do know this great looking bunch in china that would we would love for you to meet. martin, bashir, it is all yours. >> that's fabulous. the dirty debt ceiling. thank you so much. good afternoon. it's thursday, december 6th, and the president is not for turning. >> we need a persuasive, frightening message for the president to see. >> is the administration prepared to go over the fiscal cliff? >> absolutely. >> the gop is on the ropes and they're ready to cave. >> the house republican leadership are like generals, hunkered away in a bunker who don't realize that their army has already laid down its arms. >> what we got today was a seminar on how to surrender. >> need the president to scare the dickens out of those people. >> if congress in any way suggests they're going to tie negotiations to debt ceiling, folks, i will not play that game. >> do we need a better mouthpiece for the republicans. >> revenues will come from guess who? the rich. >> maybe they need to learn a thing or two from president obama. >> this is a solvable problem. i do remain optimistic that we c
but i do know this great looking bunch in china that would we would love for you to meet. martin, bashir, it is all yours. >> that's fabulous. the dirty debt ceiling. thank you so much. good afternoon. it's thursday, december 6th, and the president is not for turning. >> we need a persuasive, frightening message for the president to see. >> is the administration prepared to go over the fiscal cliff? >> absolutely. >> the gop is on the ropes and they're ready to...
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Dec 11, 2012
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>> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >> well, we think there's a domestic rebound coming -- lizly -- liz: china -- >> recovery under way, off of what? 7% gdp growth, but up 9% next year. liz: and a growing middle class likes to travel. >> 250 million people entering middle class in china. liz: almost as many people in the u.s.. good to see you. >> good to see you. liz: closing bell ringing in six minutes, up 80 points for the dow, lots of green on the dow, we're coming right back, don't noaf of move. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low
>> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >>...
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Dec 13, 2012
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look at equities with a little bit of a china exposure because china is starting to bottom a little bit, we think, so that's where i would focus. the number one thing and the greatest clarity i have in 26 years in this business, stay away from interest rate sensitive bonds and stay away from bond funds, and that's what you need to be doing right this moment. >> so you go on equities then, all in in equities then? >> let me tell you, if you're going to be an investor for longer than two years, stay away. if you need fixed income, run away from interest rate sensitive bonds. >> what about the fiscal cliff, you think we get a deal by the end of next week? we going to get a deal? >> i don't see a long-term deal. >> it's pretty easy to come to that conclusion, brian, given the fact that they have had 13 months to discuss this and think about it and now we're down to 18 days to deal with medicare, medicaid and defense spending, what, social security, taxes. what else can we throw into the bucket? >> yeah. you can just throwing more and more in. i think it's clear that they won't be able to co
look at equities with a little bit of a china exposure because china is starting to bottom a little bit, we think, so that's where i would focus. the number one thing and the greatest clarity i have in 26 years in this business, stay away from interest rate sensitive bonds and stay away from bond funds, and that's what you need to be doing right this moment. >> so you go on equities then, all in in equities then? >> let me tell you, if you're going to be an investor for longer than...
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Dec 22, 2012
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we were part of the big ones saying that jeep was shipping american jobs over to china and the one from an obama super pact that seemed to blame bain capitol and mitt romney. let's look at the ones that might have slipped your minds. >> half the people are euthanized every year, half of those people are euthanized involuntarily in hospitals because they are elderly and sick. so elderly people in the netherlands don't go to the hospital. they go to another country because they're afraid because of budget purposes that they will not come out of that hospital. >> don't go trying to track down statistics about involuntary euthanazia in the netherlands. you will find no facts. >> the word is out that he hasn't paid any taxes for ten years. let him prove that he has paid taxes because he hasn't. >> reid said he got his information from a former bain investor. but without any concrete evidence or further explanation, he was awarded the maximum number of pinochioes. led her to take her own nachl out of the running for secretary of state. her opening line for an event for u.n. correspondence las
we were part of the big ones saying that jeep was shipping american jobs over to china and the one from an obama super pact that seemed to blame bain capitol and mitt romney. let's look at the ones that might have slipped your minds. >> half the people are euthanized every year, half of those people are euthanized involuntarily in hospitals because they are elderly and sick. so elderly people in the netherlands don't go to the hospital. they go to another country because they're afraid...
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Dec 27, 2012
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and this one from china reads world outcry. in the long, two-year history of the revvies, we haven't seen this kind of backlash, so we decided to investigate. here's the scene tot in new york city. a full review of the best musical performance vote. and even got word of revvie voters stuck in long lines and being turned away by so kaulg c revvie voter id laws. so, for now, for those who feel the president was robbed, our honorary winner is president obama. and we have an immediate reaction to report. the crowds are going wild. [ cheers and applause ]
and this one from china reads world outcry. in the long, two-year history of the revvies, we haven't seen this kind of backlash, so we decided to investigate. here's the scene tot in new york city. a full review of the best musical performance vote. and even got word of revvie voters stuck in long lines and being turned away by so kaulg c revvie voter id laws. so, for now, for those who feel the president was robbed, our honorary winner is president obama. and we have an immediate reaction to...
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Dec 10, 2012
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now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new york stock exchange. and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly the
now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new...
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to happen in greece and we don't know what's going to have in the euro zone and the energy needs in china and india and industrialized nations. what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u
to happen in greece and we don't know what's going to have in the euro zone and the energy needs in china and india and industrialized nations. what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia...
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nobody here -- are they going to break china? >> probably not unless there's a greater scandal that brings a lot of stuff to light. this is the way the republicans organize their consultants. it's a monopoly even in the polling industry, they have two pollsters who do 75%, 80% of their business. that was a big part of the problem in the last cycle. >> maria? >> more in memory of jenni rivera who passed away. incredible supporter of the latino community. we're going to miss her. >> two friends got married this weekend, congratulations. >> you are in that wedding zone. >> fascinating recap of the convention. that's from all the campaign managers last week. it's going to be out in the book in a week. >> i love that. it's always a fun book. oral history of -- >> oral history. >> it always is. that's it for this edition of "the daily rundown." see you here tomorrow. chris jansing is next.
nobody here -- are they going to break china? >> probably not unless there's a greater scandal that brings a lot of stuff to light. this is the way the republicans organize their consultants. it's a monopoly even in the polling industry, they have two pollsters who do 75%, 80% of their business. that was a big part of the problem in the last cycle. >> maria? >> more in memory of jenni rivera who passed away. incredible supporter of the latino community. we're going to miss...
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of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a
of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions...
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china's also got middle managers to run the factories. chinese workers have been trained in skilled positions for decades. those same skilled positions have nearly vanished here in the united states. and chinese labor is the reason apple can afford to train americans and pay american wages right now. look at this apple's net income. $41.7 billion over the last 4 quarters. that ain't bad. in fact, that's almost $7 billion more than the next six companies combined. microsoft, ebay, google, yahoo! facebook, and amazon. they can't keep up. cheap chinese labor helped apple make almost $50 billion in the next fiscal quarter, alone. those profits allow apple to finally do the right thing. they're going to hire more americans. the ceo says he feels the company has a responsibility to create jobs. we wish more ceos would show that economic patriotism. it's a heck of a start. let's bring in e.j. dionne, msnbc contributor and "washington post" columnist and author of the book "our divided political heart." e.j., we need more stories like this. what
china's also got middle managers to run the factories. chinese workers have been trained in skilled positions for decades. those same skilled positions have nearly vanished here in the united states. and chinese labor is the reason apple can afford to train americans and pay american wages right now. look at this apple's net income. $41.7 billion over the last 4 quarters. that ain't bad. in fact, that's almost $7 billion more than the next six companies combined. microsoft, ebay, google, yahoo!...
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>> it broke a lot of china. people didn't like it. his point was why are we listening to the same set of consultants when we're losing? this racketeering, the problem is the five people who are on this, you know, commission, if you will, or this autopsy if you will -- >> growth and opportunities. >> are all part of the same racket and they will cover for the newt gingrichs of the world and the dick morrises of the world and the car roves of the wor world. >> and learn nothing? >> i think they will come back they have to do a better job communicating their message. >> but i wonder if it also depends on -- okay, so they put out their report and it's a big cya. i wonder how bobby jindal responds to that, who has been very forceful since election day about the problems of the party. what does chris christie say about what's in that report? it's one thing to have this autopsy body doing this report. it's another thing, again, to rank and file, the governors who are out there who have to pick up the broken pieces of their party if they're g
>> it broke a lot of china. people didn't like it. his point was why are we listening to the same set of consultants when we're losing? this racketeering, the problem is the five people who are on this, you know, commission, if you will, or this autopsy if you will -- >> growth and opportunities. >> are all part of the same racket and they will cover for the newt gingrichs of the world and the dick morrises of the world and the car roves of the wor world. >> and learn...
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we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli shorted. so you've seen stocks like sears holdings, jcpenney, hewlett-packard, facebook, all those types of stocks that have a high short interest. since there's not a lot of clarity outside in terms of the fiscal cliff, they're going after those shorts and pressing them to the table. [ overlapping speakers ] >> -- quality dividends. if you see volatility happening, it's going to strong balance sheets. buy stability, protection, fundamentals. >> and remember that every central bank in the world is full bore in the mote. it's just a matter of time when that velocity picks up. we
we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli shorted. so you've seen stocks like sears...
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crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same policies, i have had been considered a moderate republican back then. lou: i don't know whether he believes that or not. it is great have a team with us. >> i'm not sure he could have gotten elected 25 years ago as a kid. obviously, he was pretty social step backward in time. lou: he says he has outgrown all that. >> by the definition of what you are, he is pretty left-sided as far as i'm concerned the. lou: the idea that the president came back in the so-called negotiations. it is either a farce of this process or whatever you want to call it -- but telling speaker boehner that all he really
crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same...
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china's numbers have improved lately, and you have political stability back. so the volatility of the instability factors that are outside have reduced overtime. the real threat that we have is here, with us, and that can be addressed. >> but when you look at -- i understand that bangs being downsides our down afraided, you have more than 11% unemployment in the euro zone, which is a good deal higher than here, are those things threats to the u.s. economy, or do you think it is now destabilizing, or has the potential to destabilize the world economy? >> i think because it is relatively closed, it trades with itself and immediate neighbors, is less vulnerable to what happens outside, for instance in europe. but, the consequences would be relatively minor. it is more exposed to it's own difficulties, and it's own issues, than to what happens elsewhere in the world, because it is such a large player. >> so we're our own 5,000 pound gor ri gorilla. >> let me ask you as a final question, january 2nd arrives, no deal, what will we notice first? >> lack of citizen, m
china's numbers have improved lately, and you have political stability back. so the volatility of the instability factors that are outside have reduced overtime. the real threat that we have is here, with us, and that can be addressed. >> but when you look at -- i understand that bangs being downsides our down afraided, you have more than 11% unemployment in the euro zone, which is a good deal higher than here, are those things threats to the u.s. economy, or do you think it is now...
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if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed next year, what do you think would they have been able to do this? >> i think it would be a lot of tougher. there are a number of republicans who have close ties to labor but you know, the other weird thing, eliot because they were jammed through in the space of two days by using those maneuvers to do it, you'll never know the answer because nobody had a chance to work on people, to comment whether they would be persuaded. >> eliot: governor granholm, thank you for joining us tonight. >> thanks, eliot. (vo) this friday current tv presents a special event. >> nobody knows disasters like comedians. tha
if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed...
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. >> in china they have no ideology. 75 members of the communist national people's congress are billionaires now. >> i also learned that you like me do nothing on new year's eve. >> not nothing, you just don't do it with strangers. >> i'm happy to make it. absolutely. but here's something for you. you are watching "morning joe." here's what happens. right now it's time for that. take it away. >> aloha, hawaii. the president is on his way back to d.c. where for him it's about playing small ball with most members of congress still in their home district, speaker boehner put that ball in the senate's court. harry reid tossed it right back. are we looking at another lost day in the negotiations? hitching a right on air force one, the new senator from hawaii and it's not what we expected it to be. here we go again. the president in washington and another deadline. secretary geithner warns we will hit the debt ceiling even before we tumble over the fiscal cliff. good morning from washington. it is thursday, december 27th. this is "the daily rundown." i'm luke russert. two days after christmas and
. >> in china they have no ideology. 75 members of the communist national people's congress are billionaires now. >> i also learned that you like me do nothing on new year's eve. >> not nothing, you just don't do it with strangers. >> i'm happy to make it. absolutely. but here's something for you. you are watching "morning joe." here's what happens. right now it's time for that. take it away. >> aloha, hawaii. the president is on his way back to d.c....
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we could add uncertainty about where china is going to go. the troubling thing about the departure from the labor force of so many people that is offsetting the increment is jobs is that over time, it seems like the percentage of the society that is active in the labor force is stagnant or shrinking. that kicks back to all the problems she is talking about, the entitlement program and so forth, which depend on the active population to support them. >> john: jump to the fiscal cliff. not just to it. charles, i read your column today and you made an interesting point that a lot of people didn't make that you see this is a political move by president obama to fracture the g.o.p. majority of the house, gain himself supreme power. >> well, that is because it's clear that the economic proposals, fiscal proposals won't do anything about debt. it's clear that his pretense that we are going to have to, that you can't get to the tax hikes he wants through rising, through raising the rates, without raising rates, he contradicts himself. he said exactly
we could add uncertainty about where china is going to go. the troubling thing about the departure from the labor force of so many people that is offsetting the increment is jobs is that over time, it seems like the percentage of the society that is active in the labor force is stagnant or shrinking. that kicks back to all the problems she is talking about, the entitlement program and so forth, which depend on the active population to support them. >> john: jump to the fiscal cliff. not...
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things in china are settling out with the trance in addition that leadership and we see sequentialal improvement there. as we go into '13, we see a very strong story for did you possibility. we see strength in agriculture, nutrition, advanced materials, industrial biosciences. those businesses' earnings will be up in the high teens here year over year. that will be overshadowed by a cyclical business. our performance chemical segments, going to lose six to seven points of margin in 2013 versus 2012, so when you add it all up, we believe next year we'll see low to mid single digit earnings improvement. >> does any of this include expectations about the fiscal cliff? i mean, if we go over the fiscal cliff and don't have a debt deal by year end, what you will to cut jobs? what's the impact on dupont if we don't get a resolution in time in. >> it's hard to predict because it's hard to know. i do think if there's an issue and we don't avert a cliff i think we as a country will react quickly. i criit will have an impact. i along with many of my peers have been advocating very strongly to r
things in china are settling out with the trance in addition that leadership and we see sequentialal improvement there. as we go into '13, we see a very strong story for did you possibility. we see strength in agriculture, nutrition, advanced materials, industrial biosciences. those businesses' earnings will be up in the high teens here year over year. that will be overshadowed by a cyclical business. our performance chemical segments, going to lose six to seven points of margin in 2013 versus...
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more departure of high-tech immigrants from the united states returning home to china. lou: democrats to feed the stap act, science, technolgy, enneering, and mathematics. immigrants into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal imigrants are not even high-school educated, lacks skills, like education. my god. and they doso rejecting that law, that bill and prevent it from becoming law because they want to have a lottery. for crying out loud. the absurdities compound themselves. >> in general we have to recognize that the individual entrepreneur with special skills and contributions to american produce all the jobs, and they are the ones who are getting rich, who are punished by any increase in marginal tax ates. the already rich -- lou: what about the young man or woman in this country whois not an entrepreneur, is not a big shot, is not in middle management in a big corporation. they won a break. they won an opportunity. they
more departure of high-tech immigrants from the united states returning home to china. lou: democrats to feed the stap act, science, technolgy, enneering, and mathematics. immigrants into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal imigrants are not even high-school educated, lacks skills, like education. my god. and they doso rejecting that law, that bill...
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you're watching msnbc, the place for politics. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob
you're watching msnbc, the place for politics. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks,...
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competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way to mob violence, vocal dissent turned to revenge. property destruction and violent assault. bob, you a bird's eye seat to. this got to be tough to come to term with the end of the movement. >> bob: you as delusional as you have ever been. the idea the labor move element go away because you wrote that crap is ridiculous. the fact of the matter is very few indense of violence yesterday. 13,000 people. and three or four people got in the hiddal of it. >> eric: why should there be any? >> bob: because you had people attacking the people. you have a tent that was there -- >> eric: you would -- [ overtalk ] >> bob: got us in trouble. got me in trouble. >> eric: this is america. peaceful protest is fine. we start to lay hands on people, game changer. >> greg: i don't know.
competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way to mob violence, vocal dissent turned to revenge. property destruction and violent assault. bob, you a bird's eye seat to. this got to be tough to come to term with the end...
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to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get called out on it. i think this ended up backfiring on them. they were desperate at that point. they were desperate to win ohio. i think it was net loss. they got killed, as you say, and it back fired. >> i think it's one of the things that worked the other way. whiplash against it. thank you, great reporting. when we return, let me finish with the ultimate triumph this year. believe it or not, of truth. you're watching "hardball," the place for politics. >>> let me finish tonight with this. memory is a fascinating thing. what we choose to hang on to, what hangs on in our mind, no matter what we choose. if you're like me, you remember the big ones. you remember the president's bad night in that first debate. actually, that's one i tried hard to get out of my mind. it's punishing just to think about. you remember the oddness of watching mitt romney stand in fr
to china. but obviously that's the clear implication of the ad. so the fundamental message is a lie. they just covered themselves enough with the language. maybe they thought they wouldn't get called out on it. i think this ended up backfiring on them. they were desperate at that point. they were desperate to win ohio. i think it was net loss. they got killed, as you say, and it back fired. >> i think it's one of the things that worked the other way. whiplash against it. thank you, great...